Anchorage Announces the First Digital Asset Bank After OCC Approval
Anchorage Trust Company, a San Francisco-based chartered trust company, has announced its conversion to the first federally charted digital asset bank, Anchorage Digital Bank, after the Office of the Comptroller of the Currency (OCC) conditional approval.
UK FCA Warns Investor About Crypto Investments Advertising High Returns
The UK Financial Conduct Authority (FCA) has warned consumers about advertisements on crypto assets investment promising high returns. The authority said that if investors are investing in these products without any research and understanding, they should be "prepared to lose all their money."
US OCC Allows Charted Financial Institutions to Participate in Running nodes on Public Blockchains...
The US Office of the Comptroller of the Currency (OCC) has allowed federally-charted banks and thrifts to participate in running nodes on public blockchains and use stablecoin for payment activities and “other bank-permissible functions.”
Japanese GMO Internet Company Gets Approval to Issue First Japanese Yen-Pegged Stablecoin
GMO Internet Inc., the Tokyo-based Internet conglomerate, has got approval from the New York Department of Financial Services (DFS) to issue the world’s first Japanese Yen-pegged stablecoin under the ticker of GYEN.
US Regulators Warns Stablecoin Operators to Tighten Money Laundering Measures
The US financial regulators are asking cryptocurrency firms that operate stablecoins to tighten protections against money laundering to protect US financial and monetary systems.
Israeli Tax Authority to Collect Taxes from Cryptocurrency Holders
Israel Tax Authority is now eyeing to collect taxes from cryptocurrencies holder in the country as the authority is sending out notices to the owners of digital assets to reveal the details of their assets so can be taxed.
New US Legislation to Put All Stablecoin-Related Activities under Governmental Control
Three US lawmakers—Congresswoman Rashida Tlaib, Congressmen Jesús Chuy García, and Chairman of Task Force on Financial Technology Rep. Stephen Lynch—have introduced new legislation to...
$4.2B in Crypto Seized by Chinese Authorities From PlusToken
Crypto investors are panicking today after discovering that Chinese authorities seized around $4.2 billion in cryptocurrencies from the PlusToken Ponzi scheme. Local news platforms...
South Korea Delays Crypto Tax Laws After Lobbying
The government in South Korea decided to delay enforcing its new crypto tax law after lobbying activity conducted by the Korean Blockchain Association (KBA)....
Donald Trump Nominates Crypto-Friendly National Bank Regulator
In an announcement on the official White House website, it was revealed that U.S. President Donald Trump nominated a crypto-friendly individual as the next...